RHODES FOOD GROUP HOLDINGS LIMITED - Dealings in securities by directors

Dealings in securities by directors

RHODES FOOD GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
("RFG")

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following information is disclosed in relation
to the acceptance of Share Appreciation Rights (“SARs”) allocated under the Rhodes Food Group 2015
Share Plan (“Plan”) on 7 December 2015 (“Allocation Date”).

Director                                     :      BAS Henderson
Company                                      :      Rhodes Food Group Holdings Limited
Date of transaction                          :      10 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      57 317
SAR allocation price                         :      R24.12
Total value of transaction                   :      R1 382 486.04
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      CC Schoombie
Company                                      :      Rhodes Food Group Holdings Limited
Date of transaction                          :      10 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      30 652
SAR allocation price                         :      R24.12
Total value of transaction                   :      R739 326.24
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      J Mpele
Company                                      :      Rhodes Food Group Proprietary Limited (a major
                                                    subsidiary of RFG)
Date of transaction                          :      10 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      18 456
SAR allocation price                         :      R24.12
Total value of transaction                   :      R445 158.72
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      WP Hanekom
Company                                      :      Rhodes Food Group Proprietary Limited (a major
                                                    subsidiary of RFG)
Date of transaction                          :      11 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      22 674
SAR allocation price                         :      R24.12
Total value of transaction                   :      R546 896.88
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      R Phillips
Company                                      :      Rhodes Food Group Proprietary Limited (a major
                                                    subsidiary of RFG)
Date of transaction                          :      11 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      21 376
SAR allocation price                         :      R24.12
Total value of transaction                   :      R515 589.12
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      G Kotze
Company                                      :      Rhodes Food Group Proprietary Limited (a major
                                                    subsidiary of RFG)
Date of transaction                          :      14 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      24 156
SAR allocation price                         :      R24.12
Total value of transaction                   :      R582 642.72
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      C Costaras
Company                                      :      Rhodes Food Group Proprietary Limited (a major
                                                    subsidiary of RFG)
Date of transaction                          :      14 December 2015
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      24 941
SAR allocation price                         :      R24.12
Total value of transaction                   :      R601 576.92
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes

   -   The vesting of the SARs is subject to the satisfaction of certain conditions, including continued
       employment and the satisfaction of certain performance criteria.
   -   To the extent that the performance criteria have been met the SARs will vest as follows:
           - One third on the third anniversary of the Allocation Date
           - A second third on the fourth anniversary of the Allocation Date.
           - The balance on the fifth anniversary of the Allocation Date.

Groot Drakenstein
14 December 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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